What is the maximum loan amount for an FHA loan?

The maximum loan amount for an FHA loan varies based on the location and type of property. In standard cost areas, the maximum loan limit for a single-unit property is $356,362. However, this limit can go up to $822,375 in high-cost areas like Alaska, Hawaii, and certain counties in California. For multi-unit properties like duplexes or triplexes, higher limits apply. The loan amount also depends on factors like the borrower's creditworthiness and debt-to-income ratio. FHA loans are a popular option for first-time homebuyers due to their flexible down payment requirements and lower credit score thresholds. It is recommended to consult with an FHA-approved lender or visit the official FHA website to get specific loan limit information for your area.